MetLife Sells Remaining Stake In Brighthouse

August 8, 2018 by
Cyril Tuohy

MetLife has disposed of its remaining stake in Brighthouse Financial for a loss of $212 million in connection with the sale, the company said.

Brighthouse was spun off as a separate company last year as part of MetLife’s long-term strategy to become a leaner, less complex insurer focused on segments with a higher potential for growth — such as employee benefits.